Normetal Mining options 72 claims

An option to acquire a 100% interest in 72 claims in Perron, Clermont and Desmeloizes twps. in northwestern Quebec has been acquired by Normetal Mining Exploration.

The option, acquired from C. Salmis and Associates Inc., is for a 5-year period and for a consideration of $95,000. Normetal may ma ke payments in cash or shares. The company is planning this year to test geological and geophysical targets on the claims, which are subject to a 3% net smelter return.

In other news, Normetal reports it will undertake exploration worth $150,000 on the Bassignac property in Destor Twp. The program will include linecutting, geophysical surveys and drilling.

Normetal reports it will finance the Bassignac exploration work with the proceeds of a finance agreement with Freewest Resources (1987) and Co., Ltd. Partnership.


Print


 

Republish this article

Be the first to comment on "Normetal Mining options 72 claims"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close